I have no issue with all the previous statements, but I think your comment is demonstrative of falling in love with the stock and losing a sense of objectivity.
I genuinely think the company is doing well and moving forward is worth holding (even adding)… but I see your statement as one that is looking for reasons to justify holding the company - in which you’ve discounted the possibility that this may not mean anything, and is just paperwork to continue/update the status quo on financial records - which suggest that even if things were going downhill, you’d be able to justify it as a significant positive.
Just saying that mindset is not helpful in remaining objective. I think for the purposes of THIS discussion, it certainly IS the point whether the share purchase is new, or if it is just update of a paper trail. A new buy at this level after the history is a significant positive, with positive uncertainty as to a takeover in addition to the vote of confidence by a major company that has multiple reasons to avoid re-taking a position.
A beaurocratic update of the financial paperwork provides nothing more than an assertion of the status quo - and is neither positive nor negative. Take it as you wish. But I disagree with your notion that the distinction is not the point. It certainly is, both semantically AND from a sense of determining if there is an increase in non-transparent value.
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $753.1M |
Open | High | Low | Value | Volume |
45.0¢ | 45.5¢ | 44.5¢ | $110.9K | 246.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 112406 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 196077 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 112406 | 0.450 |
4 | 53582 | 0.440 |
1 | 100000 | 0.435 |
2 | 56000 | 0.430 |
2 | 101747 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 196077 | 2 |
0.460 | 15061 | 3 |
0.465 | 260887 | 7 |
0.470 | 349748 | 6 |
0.475 | 100000 | 1 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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PGC (ASX) Chart |